Related Posts: Why Does the DNC Want to File a FEC Complaint Against John McCain?, Loan May Prohibit McCain from Exiting Public Campaign Financing System, John McCain Requests Withdrawal from Presidential Election Financing System, McCain Took Out $3 Million Loan to Finance Campaign, McCain Campaign Exceeds Spending Limit, McCain Repays Controversial Bank Loan - John McCain's campaign returned $3 million to donors this week.
- Candidates are allowed to accept a maximum donation of $2,300 for their primary bid and another $2,300 for the general election. However, if the candidate chooses to accept public financing for the general election, they are not entitled to the second $2,300.
- Due to complex campaign finance rules there are other ways for supporters to donate. Reportedly, the McCain campaign sent letters to donors returning their general election donations which would be disallowed under the public financing system and asked them to instead donate to the campaign's special compliance fund.
- If John McCain chooses to use the public financing system his fund raising and expenditures will be limited.
- According to the Washington Post "Sen. Hillary Clinton long ago ruled out the idea of taking public funds if she is the nominee. Sen. Barack Obama had pledged to enter the public system if the Republican nominee did the same. But more recently, Obama has been less clear on his intentions."
Sources:
http://blog.washingtonpost.com/the-trail/2008/04/04/mccain_returns_donor_cash.html
http://politicalticker.blogs.cnn.com/2008/04/04/mccain-returns-3-million-in-donations/
Related Posts: Why Does the DNC Want to File a FEC Complaint Against John McCain?, Loan May Prohibit McCain from Exiting Public Campaign Financing System, John McCain Requests Withdrawal from Presidential Election Financing System, McCain Took Out $3 Million Loan to Finance Campaign, McCain Campaign Exceeds Spending Limit, McCain Repays Controversial Bank Loan
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